This paper makes the case for measuring economic activity in real time in a middle-income setting using indicators alternative to the standard System of National Accounts measure of gross domestic product (GDP). GDP remains indispensable, yet its limits as a welfare proxy are amplified where...

"We live at a time when the frenzied pursuit of economic growth is jeopardising the planet's viability and our very survival as a species. How did we get to this point in human history? How did we allow the pursuit of growth to become the apotheosis of human development?"

This book introduces SAGE—the Sentiment-Augmented General Equilibrium framework—as a unified theory of choice, finance, and growth that integrates human sentiment into the core of economic modeling. Departing from fragmented traditions across intertemporal choice theory, asset pricing, and...